UNITED STATES

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China's Africa goals more than just natural resources

Barely a month goes by without some new energy or mineral deal being struck between China and an African nation. These deals have transfixed the West, but China gets far more from the relationship than raw resources.

CIT Group files for bankruptcy

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CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans.
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Ford suffers UAW setback, Canadian workers OK cuts

U.S. factory workers at Ford Motor Co overwhelmingly rejected proposed concessions it has said it needs to stay competitive, while union workers in Canada on Sunday accepted cuts aimed at retaining jobs.
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Lagostina, Alessi, Bialetti tough out recession

A giant silver teapot shines in the pale sun outside the Alessi factory, its scale a measure of how in the 1980s and 90s Italian kitchenware, from espresso-makers to lemon-squeezers, grew into objects of desire.
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Silicon Valley's TeleNav seeks $75 mln in IPO

TeleNav Inc, a Silicon Valley-based provider of voice-guided navigation services for mobile phones, filed plans with U.S. regulators on Friday to raise as much as $75 million in an initial public offering.
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Banco Brasil wants $5.7 bln US share sale -paper

Banco do Brasil, Brazil's biggest bank, wants to fetch up to 10 billion reais ($5.7 billion) in a share offering in the United States to replenish its capital base, newspaper O Estado de S. Paulo reported on Saturday, citing unnamed sources.
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Union withdraws bid to represent some Delta workers

The International Association of Machinists and Aerospace Workers said on Friday that it withdrew its application to hold a representation election for fleet service workers at Delta Air Lines Inc, a move the U.S. carrier called repugnant.
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Japan preparing up to $5 billion in Afghan aid: report

Japan is preparing new aid for Afghanistan of up to $5 billion (3 billion pounds) to be used to help former Taliban fighters find jobs and build roads, a big increase from previous commitments, the Nikkei newspaper said on Saturday.
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Afghan vote in the balance, Abdullah set to decide

Afghan President Hamid Karzai's election rival Abdullah Abdullah will announce on Sunday whether he will take part in next week's disputed run-off vote, his campaign said after speculation mounted he will pull out.
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Iran's Mousavi hints at new opposition rally

Iranian opposition leader Mirhossein Mousavi appeared to urge his supporters on Saturday to take part in rallies on November 4 marking the 30th anniversary of the seizure of the U.S. embassy in Tehran.
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Clinton meets Abbas in new Middle East peace push

U.S. Secretary of State Hillary Clinton met Palestinian President Mahmoud Abbas on Saturday, launching a rapid series of meetings with Palestinian and Israeli officials to keep up pressure for a new Mideast peace deal.
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Permira among final bidders for Bellsystem24: sources

Permira, Bain Capital and a team of CVC Capital and Blackstone have made offers in the final round of bidding for Citigroup Inc's Japanese telemarketer Bellsystem24, seven people with direct knowledge of the deal said.
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AIG says won't sell two Japan units Edison and Star

American International Group Inc said on Friday it was no longer looking to sell two of its Japanese units, the latest sign that its new chief executive may be taking a slower approach to restructuring.
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Nine U.S. banks seized in largest one-day haul

U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.
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Feds to seize LA bank in 4th biggest failure: report

Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources.

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